Collections Representative

Newrez; Houston (TX); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Medical insurance

Dental & vision coverage

401(k) with company match

Paid parental leave

Employee mortgage loan program

Job summary

Newrez is seeking a Commercial Loan Consultant in Houston to manage collections and loss mitigation on loan portfolios. You will contact borrowers, review loan data, and coordinate workout strategies with the team to maximize recoveries.

The role requires experience in collections, strong communication, and the ability to multitask, including weekend flexibility. Join a team focused on growth, wellbeing, and customer outcomes.

Qualifications

• Experience in collections and recovery workflows.
• Familiarity with skip tracing and loan terminology.
• Proven negotiation and communication skills.
• Ability to multitask and manage workload.
• Strong typing and computer skills.
• Must complete writing assessment.

Responsibilities

• Receive and review loan information.
• Contact borrowers to cure delinquency and arrange payments.
• Identify optimal workout strategies and assist opportunities.
• Gather documents for rehab progress and loss mitigation.
• Serve as SPOC for loss mitigation processes.
• Monitor shared team mailboxes and voicemails.

Skills

Collections experience

Skip tracing

Negotiation

Multitasking

Typing speed

Verbal communication

Education

High school diploma

College degree preferred

Tools

Loan processing software

Microsoft Office

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Summary

A Commercial Loan Consultant is a seasoned collector who is responsible for all collections and loss mitigation work outs on new and existing portfolios in order to maximize recovery and disposition loans to the appropriate work out strategy.

Responsibilities

• Receive and review loan information
• Contact borrowers in order to cure delinquency, setup payment arrangements and/or settle accounts through the use of manual calls, an automated dialer, and by utilizing the LM worklist.
• Identify and recommend optimal workout strategies based on individual borrower circumstances
• Identify and recommend assistance strategies as necessary
• Increase frequency of borrower contact based on days since last payment
• Collect documents and information related to rehab progress, and maintenance improvement requests
• Collect documents needed for Loss mitigation options.
• Work Loss Mitigation processes as a SPOC to assist with getting borrowers to the correct workout based on client direction and individual borrower circumstances.
• Work the shared Commercial team email boxes for Loan servicing, general inquiries, and payoff requests.
• Work the Commercial team Voicemail for return calls.

Qualifications/Skills

• Experience in collections required
• Familiarity with maneuvering around the Internet through various skip tracing sites
• Familiarity with loan terminology, rights, and processes
• Excellent work ethic, high productivity, and attention to detail
• Superior verbal communication and negotiation skills
• Flexibility to work weekends required
• Must take the writing assessment provided
• Ability to multitask is required
• Superior typing and computer skills required

Compensation/Bonus/Incentives

• Competitive pay
• Monthly bonuses payouts
• Additional incentives based on business needs

Educational Requirements

• High school graduate, college degree preferred but not required

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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